Is there a native solution for clipchamp compression?

I have always found clipchamp easy to work with. It's interface is intuitive to me, and the features do anything I need. So, generally I like it... but the one fatal issue I have with it, is the videos it produces are so ridiculously big. I literally just made a post for TikTok and it's 293MB in size. I compressed it with a free only video tools site, and after compression it's just 6MB. 

I could deal with it if it was like 50% bigger or maybe even 100% bigger... but these videos are just huge. Maybe Microsoft has addressed this and I don't know about it... so if there is a solution, please let me know. Otherwise, I am not sure how to proceed. I like to keep a copy of all my videos as I make them, but its hard to do when they are so ridiculously oversized.